Prisma Advisors LLC

This week, in a rare show of bipartisanship, the U.S. Senate voted 62-37 to back military aviation biofuels. This means the "Green Hornet" will continue to fly despite objections from fossil fuel supporters. The Department of Defense consumes 4.6 billion gallons of fuel per year making it the largest single consumer of energy in America. With operations stretched all over the globe, the Air Force and Navy consume about 85% of that total combined. Therefore the DoD has a strategic interest in fuel diversity and security, especially in times of crisis. The United States generates about 250 million tons of Municipal Solid Waste each year of which about a third is recovered through recycling programs, etc. Another 13% is combusted for energy recovery, leaving about 135 million tons going to landfills each year. There is sufficient organic material in that MSW to generate well over 5 billion gallons of biobutanol (jet fuel) - more than required to meet the military...

By Ronald H. Miller A recent article entitled "Clean Green Scam" highlighted the case of Rodney Hailey whose company sold  approximately $9 million worth of fraudulent biodiesel credits to the oil industry. Petroleum companies  need those credits to show compliance with the national Renewable Fuels Standard. Mr. Hailey was  convicted of 42 counts of fraud, money laundering and other charges and will likely spend several years  as a guest of the federal government. Justice was served, right? Not so, stated the article. What about  the innocent victims, in other words "Big Oil"? The focus of the article was on "Washington's torrid 40-year love affair with the ethanol lobby". The "victims" not only paid $9 million for bad biodiesel (not ethanol) credits but also were fined by the EPA for not conducting proper due diligence to make sure the credits were legit. This cost Big Oil another $40 million. In fact the article went on to say, ...